Hewlett Packard Enterprise Company (HPE) EVP Henry Gomez Sells 55,200 Shares

Hewlett Packard Enterprise Company (NYSE:HPE) EVP Henry Gomez sold 55,200 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $13.53, for a total transaction of $746,856.00. Following the completion of the transaction, the executive vice president now owns 45,004 shares of the company’s stock, valued at approximately $608,904.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Henry Gomez also recently made the following trade(s):

  • On Tuesday, September 26th, Henry Gomez sold 494,360 shares of Hewlett Packard Enterprise stock. The stock was sold at an average price of $14.87, for a total transaction of $7,351,133.20.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) opened at $13.48 on Tuesday. Hewlett Packard Enterprise Company has a 12 month low of $12.97 and a 12 month high of $24.88. The stock has a market cap of $22,186.66, a price-to-earnings ratio of 8.46, a PEG ratio of 1.76 and a beta of 2.59. The company has a quick ratio of 1.15, a current ratio of 1.27 and a debt-to-equity ratio of 0.50.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. analysts forecast that Hewlett Packard Enterprise Company will post 1.38 earnings per share for the current fiscal year.

Hewlett Packard Enterprise announced that its board has approved a share buyback plan on Wednesday, October 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be issued a dividend of $0.075 per share. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio is currently 371.48%.

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A number of large investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC raised its holdings in Hewlett Packard Enterprise by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after buying an additional 200 shares during the last quarter. Westside Investment Management Inc. raised its holdings in Hewlett Packard Enterprise by 1.5% in the 2nd quarter. Westside Investment Management Inc. now owns 17,432 shares of the technology company’s stock worth $292,000 after purchasing an additional 250 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Hewlett Packard Enterprise by 4.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after purchasing an additional 266 shares in the last quarter. Meridian Investment Counsel Inc. raised its holdings in Hewlett Packard Enterprise by 1.5% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 23,557 shares of the technology company’s stock worth $391,000 after purchasing an additional 350 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. raised its holdings in Hewlett Packard Enterprise by 1.4% in the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company’s stock worth $409,000 after purchasing an additional 352 shares in the last quarter. Institutional investors own 81.96% of the company’s stock.

A number of brokerages have recently issued reports on HPE. Barclays PLC reaffirmed a “sell” rating and issued a $14.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $15.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, October 11th. BidaskClub cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Loop Capital initiated coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 price target on the stock. Finally, KeyCorp restated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus price target of $17.79.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Insider Buying and Selling by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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